Career Prospects After MBA in Finance: Updated for 2023

Finance is one of the most in-demand specialisations in MBA. One of the reasons behind it is that it opens the door to many high-paying jobs in the market. Since everybody, from individuals to organisations need to manage their finances, there is a huge demand for people who specialise in this domain.

Being one of the oldest specialisations of MBA, Financial Management is a widely accepted degree and guarantees a very good salary along with a stable job. A candidate who has successfully finished an MBA in Finance possesses strong analytical skills and number-crunching capabilities.

It is interesting to note that after pursuing an MBA in Finance, an individual can find numerous job opportunities across varied fields such as Investment Banking, Management Consulting, Insurance Industry, Wealth & Asset Management, Hedge Fund Management, Corporate Finance, and many others.

mba finance jobs by industry

An MBA in Finance has to rigorously keep himself updated with the ever-dynamic and volatile financial markets. Every day, there are new financial tools getting launched while also having an impact on the already existing ones.

Popular Job Roles after MBA in Finance

By now, we are aware that an MBA in Finance can easily land a mid and top-level management job. Let us now discuss some of the popular fields wherein a Finance specialisation can help you secure a job.

1. Corporate Finance

When it comes to corporations, the individuals working in the Finance department are responsible for drawing an analysis of the financial statements and assessing performance through financial ratios. Henceforward, a plan is laid out by financial managers to achieve the financial goals of the organisation post assessing the current financial condition.

2. Wealth and Portfolio Management

It is quite obvious that someone doing some kind of business will never have the complete knowledge and time to invest in financial markets and get the best rate of return. For this task, wealth and portfolio managers, who have advanced knowledge of financial markets ensure that the fund of HNIs or Mutual funds gets the best return through investment in markets.

3. Investment Banking

The primary job of an investment banker is the development of various types of financial models to value debt and equity for mergers, acquisitions, and capital-raising transactions. They perform this task by using various valuation methods such as comparable companies, precedents, and DCF. It is the responsibility of investment bankers to manage or arrange funds for the successful operations of big business houses. In addition to this, an investment banker also helps in making crucial business decisions such as making recommendations for product offerings, suggesting mergers & acquisitions, doing regular business valuations, managing private equity transactions, etc.

4. Finance Research

The primary job role of a Finance Research Analyst is to conduct & provide a meticulous analysis and facilitate the people with investment guidance on various companies & industries. Along with this, the person in charge is supposed to time and again conduct financial research and provide analytical support to sales & marketing and other departments as and when required by them. Some of its functions include Financial Consulting, Merchant Banking, and Portfolio Management.

5. Venture Capital

An individual with a lot of capital amount seeks a return far better than even markets have to offer. In this case, a Venture Capitalist requires a Fund Manager to evaluate the best business opportunities in startups wherein the money can quickly compound. A Fund Manager does all the analysis by looking at the ratios and balance sheets and draws an analysis considering the business potential. It is based on the report of the Fund Manager that any investment decisions are made.

6. Project Finance

The roles of a Project Finance Manager include overseeing projects relating to cash flow, financial reporting, and revenue and expenses. In addition to this, they also assist departments in creating and managing forecasts and budgets for various projects. They also gather and analyse data to identify areas for improvement and/or develop solutions to keep projects on budget and on time. 

7. Asset Management

Primarily, an Asset Manager is required to assess the status of assets and the financial goals of the organisation. Along with this, an Asset Manager is required to find the best investment opportunities for the business organisation. The investment proposition can be in terms of property, government bonds, equity, deposits, etc.

8. Risk Management

One of the very aspiring profiles, a Risk Manager has to determine financial, safety, and security risks for a company or organisation, and find channels to cut down on the risks through planning and problem-solving. Furthermore, Risk Managers are in charge of research activities such as risk assessment for organisational affairs.

Not to forget, Risk Managers must be able to present their findings to their clients in a way that’s easy for the company administration to understand and implement. Many Risk Managers begin their careers as Risk Assistants or Risk Analysts and move into management roles once they have enough experience.

Sr. No.  Profession  Average Annual Salary (INR) Highest Annual Salary (INR)
1 Corporate Finance  7,53,506 35,00,000
2 Wealth and Portfolio Management 11,00,000 16,00,000
3 Investment Banking 5,00,000 13,00,000
4 Finance Research Analyst 5,16,178 7,00,000
5 Venture Capital 25,00,000 42,00,000
6 Project Finance 25,00,000 82,00,000
7 Asset Management 6,00,000 15,00,000
8 Risk Management  8,05,169 31,00,000
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